To: arete
Yeah, I've also been thinking along those lines, only I've been expecting a moderate defalation that triggers at some random point a lightening-quick collapse of derivative/re-insurance structure, followed by hyperinflation, then finanicial system beakdown/martial-financial law/chaos!, followed by a general amnesty and return to a gold and silver standard.
16 posted on
06/07/2003 5:53:21 PM PDT by
bvw
To: bvw
Yeah, I've also been thinking along those lines, only I've been expecting a moderate defalation that triggers at some random point a lightening-quick collapse of derivative/re-insurance structure, followed by hyperinflation, then finanicial system beakdown/martial-financial law/chaos!, followed by a general amnesty and return to a gold and silver standard.Complete financial collapse? Since all fiat currency systems have failed 100% of the time, that is a definite possibility. I don't think that it will be straight into the pit though. There will be all kinds of international turmoil and a few more wars before that happens. There would be such social unrest that the politicians will do anything to avoid it.
Richard W.
19 posted on
06/07/2003 6:51:59 PM PDT by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
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